On The House

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Younger Americans are playing a larger role in the housing market, but baby boomers still rule,
according to a new survey by the National Association of Realtors.

The survey of 8,500 buyers and sellers found that baby boomers (born between 1946 and 1964)
accounted for 32 percent of recent home purchases, followed by Generation Xers (1965 to 1979) at 31
percent, and Millennials (1980 to 2000) at 28 percent.

Those born before 1946 accounted for the rest of buyers.

Millennials were most confident that their purchase was a good financial investment, with 85
percent of buyers younger than 32 considered it a good move. Eighty percent of recent buyers felt
the same.

“The oldest of the Millennial generation are now entering the years in which people typically
buy a first home, and despite the recent downturn, homeownership still matters to them,” said Paul
Bishop, vice president of research for the association.